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Aberdeen Global Income Fund Sets Record Date for Merger Decision

On December 12, 2025, Aberdeen Global Income Fund, Inc. (NYSE American: FCO) revealed critical information regarding its upcoming merger with the Aberdeen Asia-Pacific Income Fund, Inc. (NYSE American: FAX). This announcement indicates a significant move in the investment landscape that shareholders should be aware of, as it brings together two important entities in the mutual fund space.

The designated record date for shareholders has been set for December 12, 2025, meaning that those holding shares on this date will have the opportunity to participate in the decision-making process. The special shareholder meeting, where this merger will be put to vote, is scheduled for March 12, 2026. This is a crucial date for stakeholders as it may determine the future direction of their investments.

Background of the Merger Proposal

The move to merge has been prompted by strategic considerations aimed at reinforcing investment opportunities for shareholders in both funds. Both entities carry forward similar investment philosophies, and the merger aims to capitalize on these synergies. The Board of both funds has expressed their belief that merging provides a pathway to enhanced value for shareholders.

The detailed documents related to this merger, including the proxy statement that outlines the proposed reorganization, were submitted to the U.S. Securities and Exchange Commission (SEC) back on September 17, 2025. However, there was an unexpected delay due to governmental disruptions leading to a temporary shutdown. Now that operations have resumed at the SEC, the proxy statement is set to be mailed to shareholders once it receives the necessary approval from the SEC.

What Shareholders Should Expect

Let's break down some important aspects that shareholders need to keep an eye on:
1. Proxy Statement: This document will detail the ramifications of the merger, including investment strategies, tax considerations, and more. While shareholders of FAX won't be required to vote on the merger, it’s essential for FCO shareholders to stay informed about the contents of the proxy statement once it is distributed.
2. Investment Objectives: Ongoing policies and objectives associated with the Asia-Pacific Income Fund will remain intact post-merger, ensuring that the core investment strategies are preserved even through this transition.
3. Tax Considerations: It’s noteworthy that the merger is intended to be structured as a tax-free reorganization. Shareholders should consult with financial advisors to understand the tax implications related to this proposed transaction.

Overview of Aberdeen Investments

Aberdeen Investments, known as one of the largest asset management firms globally, has been managing closed-end funds since the 1980s. With approximately $515 billion in assets managed as of late 2025, the firm has positioned itself as a leader in the investment space, leveraging experiences from both U.S. and global markets. This merger is deemed a strategic move that is likely to strengthen the overall capability of the fund to serve its clientele effectively.

The historical performance of closed-end funds underlines the volatility associated with market conditions; hence, it’s crucial for investors to be mindful of how market dynamics can influence their investments post-merger. The Board of Directors stands by their resolution, confirming their dedication to shareholder value as they navigate through this merger successfully.

Conclusion

As the shareholder meeting approaches, investors are encouraged to communicate with their financial advisors to discuss the potential impacts of this merger. The integration of these two investment powerhouses may offer new opportunities and avenues for growth in the intricacies of investment management. This merger marks an important chapter for Aberdeen, highlighting its adaptive strategies in an ever-evolving market landscape.